Premier American Uranium Inc · TSXV:PUR
Premier American Uranium — Merger or Acquisition (March 2024)
28 slides from Premier American Uranium's merger presentation, March 2024
Slide 1: Reshaping America's Uranium Landscape
RESHAPING AMERICA’S URANIUM LANDSCAPE Acquisition of American Future Fuel Corporation Transaction Presentation TSXV: PUR | www.premierur.com March 2024 CSE: AMPS | www.americanfuturefuel.com
Slide 2: Disclaimer
DISCLAIMER Information Contained In This Presentation Cautionary Note Regarding Forward-looking Information The information in this presentation has been prepared as at March x, 2024. This presentation is a summary description of Premier “Forward-looking information” includes, but is not limited to,
Slide 3: Disclaimer (Continued)
DISCLAIMER Cautionary Note Regarding Forward-looking Information (Continued) Technical Disclosure and Qualified Person Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which Premier American Uranium may cause actual events or result
Slide 4: Built for Growth: Acquire, Explore, Develop
BUILT FOR GROWTH. A Disciplined & Opportunistic Strategy of Capital Allocation ACQUIRE Continue to evaluate accretive M&A opportunities in the U.S. EXPLORE Define resources and make new discoveries across portfolio DEVELOP Advance pipeline of past producing assets with historical resources TSXV: PUR
Slide 5: Consolidation: A Proven Strategy
CONSOLIDATION: A PROVEN STRATEGY PUR was built by a team that has done it before +2,300% RETURN $8.00 $70 MEGA URANIUM (Jan 2005 to Dec 2006) $60 Uranium price from $20.50 to $66.50 $6.00 Mega Acquisition $50 Completed 9 Acquisitions $40 $4.00 $30 Raised +$50m $2.00 $20 Market cap increased from $15
Slide 6: Leadership
LEADERSHIP BOARD OF DIRECTORS MANAGEMENT AND ADVISORS Tim Rotolo, Chairman Marty Tunney Daniel Nauth Colin Healey, CEO Greg Duras, CFO David Suda, Co-founder of Sachem COO of IsoEnergy, Lawyer, specialized in MBA, Mechanical Engineering CPA, and public Incoming President Cove. Founder of Mining Engi
Slide 7: Technical Advisors
TECHNICAL ADVISORS Unparalleled experience in uranium exploration, development, permitting and operations Ted Wilton Mike Nuemann, Josh Holland Tyler Johnson Mike Thompson Geologist Environmental and Environmental and Geologist New Mexico, Geologist +50 years, including Regulatory Affairs Regulatory
Slide 8: Strategic Rationale
STRATEGIC RATIONALE • Positions PUR in three of the top uranium districts in the U.S. BUILDS CRITICAL MASS • Adds past production on U.S. private land to the portfolio IN THE U.S. • Consistent with PUR’s opportunistic M&A strategy • Pro Forma Company expected to have a market cap of ~C$129M and comb
Slide 9: Benefits for AMPS Shareholders
BENEFITS FOR AMPS SHAREHOLDERS Ownership in a larger, diversified & well capitalized uranium company SIGNIFICANT AND DIVERSIFIED EXPOSURE TO BOLSTERED CAPITAL ALIGNING WITH A TEAM AND IMMEDIATE PREMIUM TOP U.S. URANIUM DISTRICTS MARKETS PROFILE STRATEGY WITH PROVEN RESULTS • 57.3% premium based on e
Slide 10: Transaction Terms
TRANSACTION TERMS Transaction Type • Court-approved plan of arrangement under the Business Corporations Act (British Columbia) • AMPS shareholders would receive one 0.170 PUR common share for each AMPS share held (the “Exchange Ratio”) Exchange Ratio • Implied consideration of C$0.507 per AMPS share
Slide 11: Pro Forma Capital Structure
PRO FORMA CAPITAL STRUCTURE Pro Forma PUR Share Price / Offer Price C$2.98 C$0.5071 C$2.98 4% 4% Basic Shares Outstanding 27.8M 91.0M 43.3M 21% Options 2.3M2 8.4M3 3.7M Warrants 3.1M4 23.2M5 7.0M 32% FD Shares Outstanding 33.1M 122.6M 54.0M 29% Market Capitalization (Basic) C$82.8M C$46.1M C$128.9M
Slide 12: Uranium: Favourable Supply & Demand Dynamics
URANIUM: FAVOURABLE SUPPLY & DEMAND DYNAMICS Renewed period of long-term contracting may be the primary driver for higher prices as utilities focus on security of supply The size of the deficit will necessitate higher cost mines (like those in 2023 was the best year in the last decade for the U.S.)
Slide 13: Uranium: Opportunity in the U.S.
URANIUM: OPPORTUNITY IN THE U.S. 18.2% OF U.S. ELECTRICITY COMES FROM NUCLEAR POWER URANIUM UNDERPINS U.S. ENERGY, HEALTHCARE AND MILITARY DOMINANCE U.S. PRODUCTION & U.S. PRODUCTION & NUCLEAR % OF ELECTRICITY REACTORS 50 50% 50 110 • Uranium plays a vital role in maintaining Reactors % of Electrici
Slide 14: Uranium: Resurgence in the U.S.
URANIUM: RESURGENCE IN THE U.S. Unprecedented support for nuclear, driven by energy security and transition to clean energy Congress allocates $75M in initial purchases to establish Commitment to Triple Nuclear $1.5B the U.S. Strategic Uranium Reserve which is contemplated COP28 Power Output by 2050
Slide 15: Three of the Top Uranium Districts in the U.S.
THREE OF THE TOP URANIUM DISTRICTS IN THE U.S. NEW MEXICO WYOMING COLORADO GRANTS MINERAL BELT GREAT DIVIDE BASIN URAVAN MINERAL BELT +347M lbs U308 produced (37% of all U.S. +230M lbs of U308 produced in Wyoming since +80M lbs U3O8 and +400M lbs V2O5 produced historical production)1 first discovery
Slide 16: Cebolleta Project, New Mexico
CEBOLLETA PROJECT, NEW MEXICO Past production on private land ACQUIRE EXPLORE DEVELOP • Located on the eastern edge of the Grants Mineral Belt, approximately 100 km west of Albuquerque • Year-round access through paved roads to U.S. Interstate, on private land • 100% lease-hold interest in 6,700 acr
Slide 17: Cebolleta Project: Continuous, Shallow Deposits
CEBOLLETA PROJECT, NEW MEXICO Continuous, shallow deposits with historical resources ACQUIRE EXPLORE DEVELOP • 3,594 historical drill holes totaling 569,000 m ($75M of historical expenditures) • Cebolleta area hosts a historical mineral resource within five semi-contiguous and shallow open pit minea
Slide 18: Cebolleta Project: 2023 Drilling
CEBOLLETA PROJECT, NEW MEXICO 2023 drilling demonstrates reliability of historical data ACQUIRE EXPLORE DEVELOP • AMPS’s 2023 drilling consisted of 26 holes in 2,904 m (average depth of 112 m) • Radiometric equivalent U3O8 grade values* closely matched historical data completed by Sohio Western Mini
Slide 19: Cebolleta Project: Exploration Potential
CEBOLLETA PROJECT, NEW MEXICO Exploration potential ACQUIRE EXPLORE DEVELOP • Westwater Canyon Member is the principal host rock for uranium in the Grants Mineral Belt • Westwater unit hosts over 400M lbs1, and is largely unexplored on the Cebolleta property • Exploration drilling by United Nuclear
Slide 20: Cyclone Project, Wyoming
CYCLONE PROJECT, WYOMING Significant land position with in-situ recovery (ISR) potential ACQUIRE EXPLORE DEVELOP • 25,500 acres comprising: 1,061 claims totaling 21,220 acres and 7 state leases covering 4,280 acres • ~80 holes drilled during 2007-2008 • Mineralization encountered in several holes, w
Slide 21: Monogram Mesa, Colorado
MONOGRAM MESA, COLORADO Adjacent to multiple historic mines that produced nearly 5Mlbs ACQUIRE EXPLORE EXPLORE • 7,431 acres with 361 mining claims • Multiple historic mines on the NE side and West • Mines generally stable and dry, with numerous mineralized zones exposed • Significant infrastructure
Slide 22: Atkinson Mesa, Colorado
ATKINSON MESA, COLORADO Most substantial uranium-vanadium production within the entire Uravan belt ACQUIRE EXPLORE DEVELOP • 5,863 acres comprising: 172 mining claims and 4 DOE leases. • Land package includes patented (fee simple) mining claims on the Dolores Bench • Several small-scale mines on the
Slide 23: Proposed Transaction Timeline
TIMELINE Parallel Initiatives – Advancing Transaction to Close and Anticipating 2 drill programs in 2024 PROPOSED TRANSACTION Catalysts INDICATIVE TIMELINE • Close transaction March 20-2024 Late H1-2024 Announcement of Closing of the • Initiate Phase 1 drill program at Cyclone Arrangement AMPS Propo
Slide 24: Appendix
APPENDIX TSXV: PUR | www.premierur.com CSE: AMPS | www.americanfuturefuel.com 24
Slide 25: Outlaw Mesa and Slick Rock, Colorado
OUTLAW MESA AND SLICK ROCK, COLORADO Multiple historic mines with exploration potential ACQUIRE EXPLORE DEVELOP • Outlaw Mesa - Total project covers 5,759 acres with 2 DOE leases. • Slick Rock - Total project covers 1,226 acres with 2 DOE leases. • Historic production from multiple mines, including
Slide 26: Additional Information
ADDITIONAL INFORMATION Sources for Slide 13 1. https://www.energy.gov/articles/restoring-americas-competitive-nuclear-energy-advantagee-nuclear-energy-advantage 2. https://www.energy.gov/ne/haleu-availability-program 3. https://www.congress.gov/bill/118th-congress/house-bill/1042 4. https://www.spgl
Slide 27: Additional Information
ADDITIONAL INFORMATION Additional Details for Slide 15 AMPS supplied SLR with a series of Microsoft Excel spreadsheets, which included records for collar location, Year Area Hole ID Max of Easting Max of Northing Sum of TD downhole survey, lithology, assay, and radiometric probing from 26 drill hole
Slide 28: Contact Us
Contact Us Premier American Uranium American Future Fuel 1-833-572-2333 info@americanfuturefuel.com info@premierur.com www.americanfuturefuel.com @PremierAUranium www.premierur.com
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